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Loan Officer
Pismo Coast Financial
350 James Way, Ste. 130
Pismo Beach, CA 93449
Office: (805) 773-7500
Cell: (805) 757-0544
Fax: (866) 484-1553
Justin [dot] Stearns [at] prospectmtg [dot] com
Single women account for the fastest growing segment of the home-buying population in the U.S. This trend has been on the rise for many years. From 1994 to 2002, the number of unmarried women owning homes climbed from 13.9 million to 17.5 million. By 2004, 18% of all homebuyers were single women. According to the latest NAR profile of homebuyers and sellers, that number has risen to 22%.
Factors leading to this increase include the following demographic trends: better education, more women working and seeking financial independence, and young women delaying marriage. Also, women have significantly increased their purchasing power. They own and operate 38% of all businesses in America and make up nearly 40% of all business school graduates. More immediately, historically low interest rates, affordable home prices, ample housing supply and the first-time homebuyer tax credit are fueling the increase of single women homebuyers.
Statistically, women do more research and spend a longer period of time searching for a home. They’re also more inclined to make home repairs. Studies show that nearly half of all purchases made in Home Depot and Lowes are made by women. And 94% of women homeowners claimed to have completed a home improvement project by themselves in the last five years.
Some home characteristics that experts say appeal to women: a safe community (single women account for a large number of condominium purchases where they find a sense of security), a home office (home-based businesses are very popular among women), maintenance friendly yards, lots of storage, and natural light, particularly in the master suite and bathroom. Statistically, women are also more likely to work with female mortgage brokers, attorneys and real estate professionals.
Thank you to Justin for allowing me to reprint his article…
Ladies, be sure to visit the Women Homeowners website to find a local support group of women professionals near you who are available to answer all of your questions related to home ownership issues and other topics…
If you would like to search the MLS for listings in San Luis Obispo County,visit my website. If you have any real estate questions or general questions about Paso Robles or San Luis Obispo County, please contact me via email or call me at (805) 235-0234 for more information.
Ca DRE # 01317192
It starts with a dream…
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